Ministry of Commerce & Industry
India’s Foreign Trade: May 2019
India’s overall exports  in April-May 2019-20are estimated to be USD 92.33billion, exhibiting a positive growth of 4.32per cent over the same period last year. Overall imports in April-May 2019-20are estimated to be USD 109.75billion, exhibiting a positive growth of 5.30per cent over the same period last year.Note: The latest data for services sector released by RBI is for April 2019. The data for May 2019 is an estimation, which will be revised based on RBI’s subsequent release.
I. MERCHANDISE TRADE
EXPORTS 
Exports inMay 2019 were USD29.99billion, as compared to USD28.86billion in May 2018, exhibiting a positive growth of 3.93per cent. In Rupee terms, exports were Rs. 2,09,280.62 crore in May 2019, as compared to Rs. 1,94,928.45crore in May 2018, registering a positive growth of 7.36per cent.
InMay 2019, major commodity groups of export showing positive growth over the corresponding month of last year are
Cumulative value of exports for the period April-May 2019-20 was USD56.07billion  as against USD54.77billion  during the period April-May 2018-19, registering a positive growth of 2.37per cent in Dollar terms .
Non-petroleum and Non Gems and Jewellery exports in May 2019 were USD21.42billion, as compared to USD19.94billion in May 2018, exhibiting a positive growth of 7.42per cent. Non-petroleum and Non Gems and Jewellery exports in April-May 2019-20 were USD40.96billion, as compared to USD39.74billion for the corresponding period in 2018-19, an increase of 3.07per cent.
IMPORTS
Imports in May 2019 were USD45.35billion , which was 4.31per cent higher in Dollar terms and 7.76per cent higher in Rupee terms over imports of USD43.48billion  in May 2018. Cumulative value of imports for the period April-May 2019-20 was USD86.75billion , as against USD83.11billion  during the period April-May 2018-19, registering a positive growth of 4.39per cent in Dollar terms .
Major commodity groups of import showing negative growth in May 2019 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports inMay 2019 were USD12.44billion , which was 8.23percent higher in Dollar terms , compared to USD11.50billion  in May 2018. Oil imports in April-May 2019-20 were USD23.82billion  which was 8.72per cent higher in Dollar terms  compared to USD21.91billion , over the same period last year.
In this connection it is mentioned that the global Brent price  has decreased by 7.98% in May 2019 vis-à-vis May 2018 as per data available from World Bank .
Non-oil imports inMay 2019 were estimated at USD32.91billion  which was 2.90 per cent in Dollar terms , compared to USD31.98billion  in May 2018. Non-oil imports in April-May 2019-20 were USD62.93billion  which was 2.84per cent higher in Dollar terms , compared to USD61.19billion  in April-May2018-19.
Non-Oil and Non-Gold imports wereUSD28.13billion in May 2019, recording a negative growth of 1.31per cent, as compared to Non-Oil and Non-Gold importsof USD 28.50 billion in May 2018. Non-Oil and Non-Gold imports wereUSD 54.18billion in April-May 2019-20, recording a negative growth of 1.73per cent, as compared to Non-Oil and Non-Gold importsUSD 55.14 billion in April-May 2018-19.
II. TRADE IN SERVICES
EXPORTS 
As per the latest press release by RBI dated 14thJune 2019, exports in April 2019 were USD 18.06 billion  registering a positive growth of 2.84 per cent in dollar terms, vis-à-vis April 2018.The estimated value of services export for May 2019is USD 18.20 billion.
IMPORTS 
As per the latest press release by RBI dated 14thJune 2019, imports in April 2019 were USD 11.40 billion  registering a positive growth of 4.46 per cent in dollar terms, vis-à-vis April 2018. The estimated value of service Import for May 2019 is USD 11.60 billion.
III.TRADE BALANCE
MERCHANDISE: The trade deficit for May 2019 was estimated at USD15.36billion as against the deficit of USD14.62billion inMay 2018.
SERVICES: As per RBI’s Press Release dated 14thJune 2019, the trade balance in Services  for April, 2019 is estimated at USD6.66billion.
OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-May 2019-20is estimated at USD17.42billion as compared to USD15.72 billion in April-May 2018-19.Note: The latest data for services sector released by RBI is for April 2019. The data for May 2019 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS & IMPORTS : 
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MAY
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APRIL-MAY
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EXPORTS
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2018-19
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28.86
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54.77
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2019-20
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29.99
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56.07
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%Growth 2019-20/ 2018-19
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3.93
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2.37
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IMPORTS
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2018-19
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43.48
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83.11
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2019-20
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45.35
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86.75
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%Growth 2019-20/ 2018-19
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4.31
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4.39
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TRADE BALANCE
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2018-19
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-14.62
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-28.34
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2019-20
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-15.36
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-30.69
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EXPORTS &IMPORTS : 
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APRIL
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APRIL-MAY
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EXPORTS
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2018-19
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194,928.45
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364,981.41
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2019-20
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209,280.62
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390,301.96
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%Growth 2019-20/ 2018-19
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7.36
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6.94
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IMPORTS
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2018-19
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293,660.48
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553,745.15
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2019-20
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316,448.93
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603,881.86
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%Growth 2019-20/ 2018-19
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7.76
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9.05
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TRADE BALANCE
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2018-19
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-98,732.03
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-188763.74
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2019-20
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-107,168.31
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-213579.90
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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April 2019
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EXPORTS 
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18062.00
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IMPORTS 
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11402.00
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TRADE BALANCE
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6660.00
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EXPORTS & IMPORTS : 
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April 2019
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EXPORTS 
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125,399.77
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IMPORTS 
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79,161.12
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TRADE BALANCE
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46,238.65
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Source: RBI Press Release dated 14th June 2019
Note: Services data pertains April 2019 as it is the latest data available as per RBI’s Press Release dated 14thJune 2019. This data is provisional and subject to revision by RBI.
Link for Quick Estimates: